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THE ARUNACHAL PRADESH STATE CO-OPERATIVE APEX BANK LTD

Sponsored By Goverment Of Arunachal Pradesh
Head Office: NAHARLAGUN, ARUNACHAL PRADESH, 791110 INDIA

IFSC CODE: YESB0ARCB01 (0 = ZERO) ATM COMPLAINING FORM

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THE ARUNACHAL PRADESH STATE CO-OPERATIVE APEX BANK LTD

Sponsored By Goverment Of Arunachal Pradesh

Head Office: NAHARLAGUN, ARUNACHAL PRADESH, 791110 INDIA

IFSC CODE: YESB0ARCB01 (0 = ZERO) ATM COMPLAINING FORM

Go Digital India

Today Is Mon, 29th Apr, 2024

Bank Is Implementing Govt Sponsored Schemes Only Like CMPVY, DEDS, NRLM, CMFMP, SHG, WCC and Cooperative Societies Bank Is Now Digitalisation, CBS, NEFT, RTGS, DBT Bank is also Implementing Social Security Schemes Like PMJDY, PMJJBY, PMSBY, APY etc Bank Has ATM, Micro ATM, Mobile Van ATM, ATM Cards for normal debit cards and PMJDY, Rupay ATM cards PFMS Is LIVE Deposit Of Govt. Departments QR CODE is enabled Bank do not ask for ATM Pin No or OTP, Please do not provide any information to any calls

Interest Rates Of Deposit & Loan

DEPOSIT SEGMENT

Interest Rate Payable On Saving Bank Account/ADDS Account Effective from 1st June 2020

# Type Of Deposit Existing Rate Revised Rate For Public Revised Rate For Senior Citizen
1 Saving Bank Account 4.00% 3.00% 3.00%
2 Apex Daily Deposit Account 4.00% 4.00% 4.00%

Interest Rate Payable On Term Deposit (RD/FD) Effective From 1st June 2020

# Duration Of Deposit Existing Rate W.e.f. 20-03-2017 Revised Rate
# General Public Senior Citizen General Public Senior Citizen
1 7 - 45 days 5.75% 6.00% 4.00% 4.50%
2 46 - 180 days 6.75% 7.50% 4.50% 5.00%
3 181 days < 1 Year 7.25% 7.50% 5.00% 5.50%
4 1 Year < 3 Year 7.50% 7.75% 5.75% 6.25%
5 3 Year < 5 Year 7.75% 8.00% 6.00% 6.50%
6 5 Years And Above 7.75% 8.00% 6.50% 7.00%

BULK DEPOSIT

Minimum amount for Bulk Deposit is Rs. 1.00 Crore and above.

Rol @ 0.50% p.a. above normal rate of interest for the period of 181 days and above. No special rate for the period less than 180 days deposits.

In case of premature encashment, minus 1% on the prevailing normal rate of interest will be applicable.

The Bulk Deposit is subject to approval from the management of the Bank.

Other Term & Condition

1. This Order supersedes the earlier Order No. APSCABL/GB/HO/2017-18/2-40 Dated 20-03-2017.

2. The above interest rates on the deposits are higher than SBI/other Commercial Banks.

3. There is a provision for higher rate of interest on the bulk deposits more than Rs. 1.00 Crore, subject to the consent/approval from Head Office.

4. For Senior Citizen, a copy of age proof certificate issued by the competent authority is necessary at the time of opening of account to avail the benefit of higher interest rates.

5. The additional rate of Interest @1.00% p.a. payable to Bankstaff/retired staff members/spouse of the deceased staff members is discontinued with effect from 01-06-2020

6. Premature Closing of Accounts:

In case of premature closure of Recurring Deposit Accounts, no interest shall be paid on deposit of less than 6 (six) months.

In case of premature closure of any other Term Deposits, minus 1.00% on the prevailing normal rate of interest will be applicable.

LOAN SEGMENT

Interest Rate for Loan & Advances Effective from 1st June 2020

# Category/Size Of Loan & Advances Existing Rate (%) w.e.f. 20-03-2017 (per annum) Revised Rate (%) (per annum)
# Priority Sector Non Priority Sector Priority Sector Non Priority Sector
FARM SECTOR
1 Crop Loan & KCC
Up to Rs. 3.00 Lakhs 7.00% -- 7.00% --
Above Rs. 3.00 Lakhs 11.00% -- 11.00% --
Term Loan
2 Agri & Allied Loan
Up to Rs. 3.00 Lakhs 12.50% -- 12.00% --
Above Rs. 3.00 Lakhs 13.00% -- 13.00% --
3 SHG/JLG 12.00% -- 12.00% --
NON FARM SECTOR
1 Home / Housing Loan 11.00% 13.00% 11.00% 12.00%
2 Personal Loan
(a) Car Loan (b) Consumable (c) Cash		 -- 14.00% -- 14.00%
3 SRWTO 12.50% -- 12.00% --
4 MT Loan (Indl/Socy/Others)
Up to Rs. 3.00 Lakhs 12.50% 14.00% 12.00% 14.00%
Above Rs. 3.00 Lakhs 13.00% 14.00% 13.00% 14.00%
5 Weavers Credit Card (WCC)
Up to Rs. 3.00 Lakhs 12.50% -- 11.00% --
Above Rs. 3.00 Lakhs 13.00% -- 12.00% --
6 Procurement /CC (Socy/Agri) 12.00% -- 12.00% --
Cash Credit (Others) -- 14.00% -- 13.00%
7 Clean Overdraft -- 14.00% -- 14.00%
8 Employee Credit Card (ECC) -- 14.00% -- 14.00%
9 Demand Loan Against FD/RD
(% higher than interest payable on deposits -- 2.00% -- 2.00%
The following terms are also proposed to apply on Loans & Advances:

1. This Order Supersedes the earlier Order No. APSCABL/GB/HO/2017-18/2-40 Dated 20/03/2017

2. The Prime Lending Rate (PLR) of the bank shall remain continue at 11.00% p.a.

3. The interest will be charged on quarterly basis on all types of Loans & Advances

4. The simple interest will be charges on all types of Loan & Advances under Farm Sector.

5. The interest on Non-Farm Sector shall be charged with quarterly compounded.

6. In case of on landing under FS/NFS Loan & Advances through LAMP/PACS the interest margin of 2% will be provided on such loans to LAMPS/PACS.

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Contact Us
The Arunachal Pradesh State Cooperative Apex Bank Ltd.
C/O: Managing Director
Head Office : Naharlagun
D-Sector, Apex Bank Building, Near Hathi Matha
Arunachal Pradesh - 791110
Phone No.
Email:- md@arunachalapexbank.com
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